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NY A02406
Bill
Status
Introduced
1/26/2023
Primary Sponsor
William Colton
Click for details
AI Summary
- Amends Insurance Law Section 3425(i) to prohibit insurers from refusing to issue or renew covered policies solely based on the advanced age of the applicant or insured
- Prohibits insurers from increasing premiums on automobile insurance policy renewals for insureds who are 60 years of age or older solely on the ground of age
- Applies to renewals of policies issued on and after January 1 following the date the bill becomes law
- Introduced by M. of A. Colton, Miller, and McDonough with co-sponsorship by M. of A. Simon
Legislative Description
Prohibits insurer from increasing auto insurance premiums upon renewal for persons 60 years of age or over based solely on the ground of the insured's age.
Last Action
referred to insurance
1/3/2024
Committee Referrals
Insurance1/26/2023
Full Bill Text
No bill text available